Freight rates to fall further in 2024


Falling freight rates will pose a challenge to shipping companies throughout 2024, according to the latest research from Drewry

Rates began falling in 2023 thanks to increasing capacity, changing consumer behaviour and change in monetary policy, says the analyst in its ‘Financial Health Check’ for 2024.

Drewry expects overcapacity to continue to dominate companies’ fortunes, despite a rise in freight rates owing to disruption of trade through the Red Sea and Suez.

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